USDCHF, Daily perspective (Important caption)

By studying the USDCHF on a daily time frame we can see the price reached the rejection block and had a bullish reaction, then the price created a high on 23 January that is located below the bearish order block which was created on the 0.5 level of Fibonacci.
So we have a liquidity pool formed as an equal high below the bearish order block.

In addition, we can define the important supply zone which formed between 0.705- 0.79 level of Fibonacci.

In both zones, we can search for a sell position in a lower time frame.



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🗓️06/02/2024
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